Fillable Form Int-4 - Missouri Credit Union Tax Return

Missouri Department of Revenue

General Instructions - 2014 Credit Union Tax Return

Section 148.610

–

148.710, RSMo

This information is for guidance only and does not state the complete law.

If any credit union operates more than one office or branch in

The 2014 Credit Untion Tax Return

(Form

INT-4) must be

completed and filed by April 15, 2015. The tax is based upon the

Missouri, the credit union shall file one return. The credit union shall

taxpayer’s net income for the 2014 calendar year income period.

complete Financial Institution Tax Schedule B

(Form

2331) listing

the address of each office or branch and showing the total dollar

An extension of time for filing this return may be granted by the

amount of savings accounts, deposits, and repurchase agreements

Director of Revenue. When an extension is granted, the taxpayer

of each office or branch and the total for the credit union. If any

is required to pay, as part of any tax due, interest thereon at the

credit union has an office or offices outside Missouri, the total of

rate determined by

Section 32.065, RSMo

from the day when

such return should have been filed, if no such extension had been

the dollar amount of deposits and accounts at an office or offices

granted. Visit

to obtain the

outside Missouri shall be excluded in determining the total deposits

and accounts of the taxpayer. Form 2331 must be completed and

annual interest rate. Pursuant to Regulation

12 CSR

10-10.070,

an extension of time may not exceed 180 days past the due date

submitted with the Credit Union Tax Return.

of April 15.

All credit unions must complete this tax return reflecting their

Review the state law prior to the completion of this tax return, since

total business activities from all sources. Credit unions conducting

business in multiple states should refer to the instructions for Line 13.

there are some restrictions in the accounting for various transactions.

A copy of your NASCUS or NCUA Call Report must be attached to

the Missouri Credit Union Tax Return.

Instructions

County Code - Enter your three digit county code of the principal

Line 11 Add Lines 7 through 10 and enter the total.

place of your institution from the list provided at the end of these

Line 12 Subtract Line 11 from Line 6. This is the total taxable income.

instructions.

Part III

Part I

Line 13 Multiply the taxable income amount on Line 12 by 7

Line 1 Enter the gross income amount that appears on the NASCUS

percent and enter result. If Line 6 includes income from business

or NCUA Call Report.

activity both within and without Missouri from offices or branches

Line 2 Enter the amount of recoveries of previously expensed bad

located in such states, the tax may be eligible to be apportioned on

debts.

the Financial Institution Apportionment Schedule C

(Form

2330),

which must be attached to the INT-4 form.

Line 3 Enter the amount of Missouri Credit Union Tax (imposed by

Chapter 148, RSMo) deducted as an expense on your NASCUS

Line 14 Enter the amount of tax credits that appear on Line 4 of

or NCUA Call Report. Please advise under what expense item this

this return.

amount appears. If this amount is different than the amount paid in

Line 15 Subtract Line 14 from Line 13 and enter the amount. If the

the previous year, please explain the difference.

amount on Line 14 exceeds the amount on Line 13, enter “none”.

Line 4 Enter the total of the Missouri taxes claimed as credits

Line 16A

Enter the amount of tentative payment or amount

on Schedule A of this return. These taxes include all taxes paid

previously paid.

directly to the State of Missouri or any political subdivision thereof,

except taxes on tangible personal property owned by the taxpayer

Line 16B Enter the amount of tax credits claimed from the list on

and held for lease or rental to others, contributions paid pursuant to

the following page. Attach a schedule listing the amounts for each

the unemployment compensation law of Missouri, real estate taxes,

tax credit. A copy of the approved authorization must be attached

social security taxes, sales and use taxes imposed by this law.

to the return.

Line 5 Enter the deductions claimed on the Missouri credit union

Line 16C Enter the amount of approved Enterprise Zone Credit

claimed. Attach a copy of the certificate of eligibility and calculation

report which are not allowable on this return and income not

included on the NASCUS or NCUA Call Report which is required to

of the credit claimed on this return.

be included on this return. Attach a detailed schedule.

Line 17 Enter overpayment from previous year’s tax.

Line 6 Add Lines 1 through 5 and enter the total here.

Line 18 Subtract the amounts, if any, appearing on Lines 16A, 16B,

16C, and 17 from Line 15.

Part II

Line 19 Any tax due on this return not paid by April 15, 2015 is

Line 7 Enter the total expenses that appear on the NASCUS or

delinquent, and interest will be charged on such amount at the

NCUA Call Report.

annual interest rate. The annual interest rate is available on the

Line 8 Enter the amount of dividends and interest paid on shares

Department’s website at . Enter the

deducted on the NASCUS or NCUA Call Report.

interest on this line.

Line 9 Enter the amount of actual bad debt charge offs.

Line 20. Enter the total of Lines 18 and 19. If a balance due,

Line 10

Enter the total amount, if any, of other deductions

submit this amount. Make check payable to “Missouri Department

of Revenue”.

authorized by law which were not included on the NASCUS or

NCUA Call Report. Complete detailed schedule on page 2.

Form Int-4 - Missouri Credit Union Tax Return - 2014 Page 3

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